Costly Mistake: Here’s How a USDC Investor Lost 2 Million in a Race Against Time

The post Costly Mistake: Here’s How a USDC Investor Lost 2 Million in a Race Against Time appeared first on Coinpedia Fintech News The collapse of Silicon Valley Bank (SVB) […]

The post Costly Mistake: Here’s How a USDC Investor Lost 2 Million in a Race Against Time appeared first on Coinpedia Fintech News
The collapse of Silicon Valley Bank (SVB) on March 10 has caused ripples in the crypto industry, leaving many investors anxious about the exposure of major players like Circle, the issuer of the popular stablecoin USDC. With $3.3 billion, or around 8%, of its reserves held at SVB, Circle is now facing heavy redemptions as …